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Commercial Construction Loan Rates | Apartment Loans. – Commercial Construction Loan Rates vary from 4.00% to 12.00%. The lowest rates are large bank 30 day libor rate programs starting at 4.00% followed by regional and community bank programs based on prime or libor rate starting at 5.25%.
Best Banks To Get A Commercial Construction Loan – Whista – INTEREST RATE – rates on commercial construction loans are always higher due to higher risk POINT – a fee charged by banks – normally 1% of the loan amount (hard money construction loans charge 2 – 10 points)
Below-Market Interest Rate (BMIR) Definition – A below-market interest rate (BMIR) is a rate that is below the prevailing commercial bank interest rate. This insured low-interest loans to private developers for the construction of affordable.
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